The parcel owner’s liability for assessments may not be avoided by waiver or suspension of the use or enjoyment of any common area or by abandonment of the parcel upon which the assessments are made.I'm not an attorney and this is not legal advice. 

If he has more than 20%-25% in equity after the rehab, He can cash out the 2nd loan.The fact that the rent of the other unit barely covers the 1st mortgage, he will have to come out of pocket regardless of what financing structure he goes to.To answer the question as to how difficult it is to fiancé a Jumbo, it's not difficult at all if you can afford the loan payment on paper. we live in South OC, almost all of our loans are Jumbo, it's very common.

What the pair have in common is a) they didn't drop rates during refi mania a month ago (ergo no need to jack them up or add a bunch of overlays today) and b) they are small under the radar lenders. 

Surprisingly the applicants that do show up to tour the rentals all seem to have one thing in common. 

This is extremely common right now.

This is a two part discussion...In recent years, Short-Term Rental Arbitrage has become more common, especially in my market of Orlando, FL. 

And there are 4 PG&E meters - 1 for each unit plus 1 for the common areas.Alameda County assessor website lists the 'use code' for the property as 2600 which is "3 units, lesser quality than 2300 or unknown legal"I had stopped by city hall right before the shutdown and after a quick initial search, they mentioned the property is listed as a duplex in their records.

The most common portfolio style loan in Texas is a 20 year adjustable rate loan.

It's definitely a common situation for many investors.

If working for themselves, they would gross either 6% if they are on both sides of the transaction or 3% if the buyer comes from another brokerage (most common).Broker other side: if the buyer comes from another brokerage, then they generally agree to split commission (in this case 3% goes to each brokerage).